Hi,
Does anyone know where I can find information (website, etc) about the legalities of purchasing and managment of a guest house.
If anyone ever owned one or brought and sold one, I’d love to know your opinions of such a purchase.
Katherine J
I would love to know also. Recently we stayed in a B&B in Melbourne.
There were 4 bedrooms each with their own bathroom. The owner had her rooms at the end of the hall. I was surprised her rooms were part of the B&B set up. Breakfast included of course.
I wondered how profitable it was etc. Also we went past a boarding house my husband lived in the 1970’s and it is still being run as a guest house.
Im very interested in any info on guest houses/B&B’s
What have you found with your research so far?
I am thinking that there are a lot of ppl with big super / redundancy packages who have bought B & Bs as a semi retirement option.
In my town anyway there are a few of these; and I can’t see how they are inreality making any real money.
Not a living I would say.
They do not need a living, and the B & B is just a lifestyle thing as an income booster and a nice place to live usually.Nothing wrong with that but when looking at businesses I would look out for phrases like “great potential” or “dream lifestyle”.
Depends on what you want. A lifestyle or an income or both???[exhappy]
Giddo
http://www.standrewsplace.com.au“I am not a religious man; but if you are out there somewhere Superman, save me now! -Homer Simpson
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